Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Delaware Interpreter Insurance
Delaware Interpreter Insurance. If you are an interpreter, then chances are you're the person professionals call on when they need to translate verbal or written communications from one language to another. As a translator you're hired by individuals, corporations, lawyers, government entities and even medical professional to translate speeches, interviews and other forms of communication into another language.
Although this job may seem simple, there are many risks involved. For instance, if there's an error in something you translated or you cause damage to a business with your errors you make you can be held liable. For this reason, you must have protection. In this post, we'll take a look at some of the risks and the types of Delaware interpreter insurancepolicies you can get to protect your business.
Delaware interpreter insurance protects your translation business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Translator Insurance Basics
Although it might be hard for you to cause bodily harm to a third party, you still should have Delaware interpreter insurance to keep your business and personal assets covered. It's possible for a person on your property to sue you if they get hurt while being there. Following are some basic types of translator insurance:
Commercial General Liability Coverage - A client can always sue you if they are injured while on the premises of your business. With this coverage, you get a broad range of protection against lawsuits made against you by a third party for bodily harm or property damage. Commercial general liability insurance covers any cost associated with any harm done by your business. If you have to pay medical bills or replace damaged property this insurance will help you. In the event, you're sued then having this Delaware interpreter insurance helps with the costs associated.
Having DE commercial property insurance protects the building and the contents in those buildings that you use for your business. Your computers, office furniture, and other office supplies will be covered when you have this insurance. Any property damaged by fire, severe weather, theft or vandalism is repaired and quickly replaced with this type of insurance coverage. Interruption coverage is also a part of this protection. If there is ever a time in your business where you are unable to operate for a period because of relocation or some other issue you are covered when you have this insurance.
Professional Liability Insurance For Translators - The biggest risk you face as an interpreter is an error caused by an oversight on your part that results in damages to your clients' business. Let's say you're required to translate an important document like medical lab results, and an error in translation leads to the patient getting the wrong treatment or even death you can be sued. A situation like this could result in you losing lots of money in your business if aren't adequately protected.
When you are translating it your job to get the accurate translation to the person or company that needs it. If you make a mistake, then you can be held liable for the damages caused. With interpreter professional liability insurance (also now as errors and omissions), you'll have protection if a client sues you for negligence. This coverage helps with legal defense fees, settlements, and judgments. Speaking with an experienced insurance agent will provide you with the information you need to find the right Delaware interpreter insurance policies for your business.
Other Insurance Policies To Consider For Your Translation Business
DE Commercial Auto Insurance - Vehicles you use for your business needs to be covered. While driving on the road, there is always the risk of getting in an accident. When you are an employee of your business causes damage to a third party while using a business vehicle you can be held liable. Luckily with this type of insurance in your business, you will be protected.
DE Workers Compensation Insurance - Workers comp is required in most states for any non-owner employees. While on the job there's always the chance of an employee being injured. If they need medical attention because of the injury, they will be covered when you have this insurance.
DE Interpreter Insurance
As an interpreter, you may think there aren't that many risks to your business, but you're wrong. To ensure the success of your business you need to have protection. The last thing you want happening is a lawsuit against your business that results in a huge financial loss for your business. Find the right insurance and keep your translation business protected today.
Delaware Economic Data & Commercial Insurance Regulations
For entrepreneurs who are thinking about starting up a business in Delaware, it is important to have an understanding of the state's economic outlook, as well as the regulations and limits regarding commercial insurance. With this information, you can determine if DE is, in fact, a wise location to start your business.
Below, we offer a brief overview of Delaware's economic status and the rules relating to commercial insurance.
Economic Trends For Businesses In The State Of Delaware
Delaware is home to more than 1 million businesses. This includes over half of all of the publicly traded companies in the United States, and 64 percent of the country's Fortune 500 companies. Delaware is such an appealing place for entrepreneurs because the state offers flexible corporate laws and a government that is very friendly to business owners.
The economic outlook of DE has become softer. As such, Delaware has moved down eight spots on the Forbes' Best States for Business list. The costs of operating a business are about 21 percent lower in Delaware than the national average. It is also one of the lowest ranking states in regard to labor costs. With that said, job growth is expected to reach .8 percent by the end of the 2019 calendar year. The unemployment rate is expected to remain lower than the national average, at an estimate 4.7 percent.
The industries that contribute the most to Delaware's economy include:
- Hotel & Hospitality
It is expected that these industries will continue to see growth, but there is a need for more skilled labor in these areas.
DE Commercial Insurance Regulations
The Delaware Department of Insurance regulates the insurance industry in DE. Commercial liability insurance, commonly referred to as general liability insurance, is the most common type of coverage that business owners carry. In the state of Delaware, business owners are not required to carry this type of coverage in order to operate. This state is considered a modified comparative fault state that has a negligence standard of 51 percent. The government does not put any caps on awards that are offered to those who file personal injury lawsuits against businesses in Delaware. As such, it is wise for business owners in this state to invest in commercial liability insurance, even though it isn't required.
Business owners are required to carry workers compensation in Delaware. This includes businesses that employee one or more hourly or salaried W2 employees.
Additional Resources For Professional Service Insurance
Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
- Answering Service
- Attorney Lawyer
- Business Consulting
- Corporate Wellness
- Court Reporter
- Debt Collection Agency
- Electrical Engineering
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Services
- HR Consultant
- Mediator - Arbitrator
- Medical Billing
- Music, Drama & Dance Therapy
- Project Management
- Temporary Staffing
- Tax Preparer
Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.
Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.
In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.
Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.
Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.
Request a free Delaware Interpreter Insurance insurance quote in Arden, Ardencroft, Ardentown, Bellefonte, Bethany Beach, Bethel, Blades, Bowers, Bridgeville, Camden, Cheswold, Clayton, Dagsboro, Delaware City, Delmar, Dewey Beach, Dover, Ellendale, Elsmere, Farmington, Felton, Fenwick Island, Frankford, Frederica, Georgetown, Greenwood, Harrington, Hartly, Henlopen Acres, Houston, Kenton, Laurel, Leipsic, Lewes, Little Creek, Magnolia, Middletown, Milford, Millsboro, Millville, Milton, New Castle, Newark, Newport, Ocean View, Odessa, Rehoboth Beach, Seaford, Selbyville, Slaughter Beach, Smyrna, South Bethany, Townsend, Viola, Wilmington, Woodside, Wyoming and all other cities in DE - The First State.
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.